M&A Deal Summary

Transocean Acquires GlobalSantaFe

On July 23, 2007, Transocean acquired oil/gas exploration company GlobalSantaFe for 17.0B USD

Acquisition Highlights
  • This is Transocean’s 1st transaction in the Oil/Gas Exploration sector.
  • This is Transocean’s largest (disclosed) transaction.
  • This is Transocean’s 1st transaction in the United States.
  • This is Transocean’s 1st transaction in Texas.

M&A Deal Summary
Date 2007-07-23
Target GlobalSantaFe
Sector Oil/Gas Exploration
Buyer(s) Transocean
Deal Type Merger
Deal Value 17.0B USD
Advisor(s) Lehman Brothers, Inc. (Financial)

Target

GlobalSantaFe

Houston, Texas, United States
GlobalSantaFe is an offshore oil and gas drilling contractors and provider of drilling management services worldwide. GlobalSantaFe owns or operates a contract drilling fleet of 37 premium jackup rigs; six heavy-duty, harsh environment jackups; 11 semisubmersibles and three dynamically positioned, ultra-deepwater drillships, as well as two semisubmersibles owned by third parties and operated under a joint venture agreement.

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Buyer(S) 1

Buyer

Transocean

Steinhausen, Switzerland
Category Company
Founded 1926
Sector Oil/Gas Exploration
Employees5,430
Revenue 2.8B USD (2023)
DESCRIPTION

Transocean is a provider of offshore contract drilling services for energy companies, owning and operating among versatile fleets with a particular focus on deepwater and harsh-environment drilling. Transocean was founded in 1926 and is based in Steinhausen, Switzerland.

DEAL STATS #
Overall 1 of 7
Sector (Oil/Gas Exploration) 1 of 2
Type (Merger) 1 of 1
State (Texas) 1 of 2
Country (United States) 1 of 1
Year (2007) 1 of 1
Size (of disclosed) 1 of 3
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2011-08-15 Aker Drilling ASA

Stavanger, Norway

Aker Drilling ASA is an offshore drilling contractor. Aker owns and operates offshore drilling rigs in Norway.

Buy $1.5B
Mergr

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